AmEx Offers Point Hoarders New Reward: Big Macs Galore

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American Express Co. customers whose reward points are too meager for flights, ballet tickets or even a yoga mat are getting a new list of options: a McDonald’s menu.

Starting this week, AmEx’s U.S. cardholders can spend points at select McDonald’s Corp. restaurants. The conversion rate is 100 points for each $1 spent, so someone with a robust cache and no wanderlust can skip the trip to Paris (say 100,000 points), and stay home with 208 Big Macs (110,240 calories).